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the company i work for got bought out last year and just recently started a 401k. i decided to go into it as soon as they offered it by putting in $90 a pay period. its been 5 pay periods and i've lost about $50. now $50 isnt that much but on my CDs at my bank i'm earning $10 interest a month on one and $20 on another one. even my savings account is earning more at $1 a month.
is it even worth it to have a 401k when the economy is so bad? the rep told us not to worry when the mony goes down because it'll eventually go up again but i just keep on thinking that im putting in money for no reason. im thinking of just starting up another CD account.
is it even worth it to have a 401k when the economy is so bad? the rep told us not to worry when the mony goes down because it'll eventually go up again but i just keep on thinking that im putting in money for no reason. im thinking of just starting up another CD account.